Osool & Bakheet issues Q2 2023 earnings forecast

11/07/2023 Argaam Special


Osool & Bakheet Investment Co. released Q2 2023 earnings forecasts for 40 Tadawul-listed banks and companies.

Saudi Basic Industries Corp. (SABIC) is projected to report an 84% tumble in Q2 2023 net profit to SAR 1.25 billion. Al Rajhi Bank’s net profit is forecast to rise 2% year-on-year to SAR 4.32 billion.

Osool & Bakheet's Q2 2023 Profits Forecasts (SAR mln)

Company

Q2 2023

Change YoY

Banks

Al Rajhi Bank

4323.8

+2%

SNB

5609.1

+22%

AlJazira

233.5

(9%)

BSF

1108.3

+32%

SAB

1819.6

+68%

Albilad

594.2

+16%

Alinma

1057.1

+14%

SAIB

449.7

+40%

ANB

1099.6

+55%

Riyad Bank

2253.2

+40%

Materials

Najran Cement

15.8

+19%

City Cement

12.5

(50%)

Umm Al-Qura Cement

2.0

(76%)

Arabian Cement

41.6

(8%)

Saudi Cement

81.4

(21%)

Qassim Cement

31.3

+8%

Southern Cement

26.5

(56%)

Yanbu Cement

31.2

(35%)

Eastern Cement

48.3

+12%

Yamama Cement

67.3

(26%)

SABIC

1250.0

(84%)

Kayan

(330.0)

--

Sipchem

443.7

(65%)

SABIC Agri-Nutrients

420.0

(86%)

Advanced

62.0

(43%)

Alujain

4.2

(93%)

Healthcare

Mouwasat

151.3

+7%

Al Hammadi

75.5

+16%

Sulaiman Al Habib

464.3

+17%

Care

60.2

+43%

Dallah

79.7

+15%

Food and Staples Retailing

Jarir

191.4

+8%

Al Othaim

71.7

+54%

Budget Saudi

70.9

+13%

Theeb

50.2

+17%

Maharah

35.7

+31%

Bawan

27.9

(37%)

Seera

91.8

--

Telecommunications

stc

3255.0

+15%

Mobily

529.6

+47%


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